Meta Platforms, Inc. (NASDAQ:META) recently saw a significant stock transaction by its Chief Legal Officer, Jennifer Newstead. According to a Form 4 filing with the Securities and Exchange Commission, Newstead sold 905 shares of Meta’s Class A Common Stock on January 7, 2025. The shares were sold at a price of $631.55 each, amounting to a total sale value of $571,552. The transaction comes as Meta trades near its 52-week high of $638.40, with InvestingPro data showing the company maintains a "GREAT" financial health score.
Following this transaction, Newstead retains ownership of 32,010 shares in the company. The sale was conducted under a Rule 10b5-1 trading plan, which was adopted on November 30, 2023, as noted in the filing. With Meta’s market capitalization now at $1.56 trillion and its next earnings report scheduled for January 29, investors can access comprehensive analysis and additional insights through InvestingPro’s detailed research reports, which cover over 1,400 US stocks.
In other recent news, the U.S. Supreme Court is currently hearing arguments regarding a potential ban or sale of TikTok, a move that could significantly impact companies like Meta and Oracle (NYSE:ORCL). Analysts from Morgan Stanley (NYSE:MS) suggest that Meta and YouTube could benefit from such a ban, as users would likely redirect their time to these platforms. However, Oracle, which hosts TikTok, could see a loss in revenue, as estimated by Evercore ISI analysts.
In recent developments, Meta has been initiated with a Buy rating by China Merchants Securities, citing the company’s strong profitability and potential for further growth through AI applications. Meta’s efforts to monetize features such as Threads and WhatsApp are expected to contribute to its revenue.
Furthermore, Meta has announced a trial to allow users in Germany, France, and the U.S. to browse eBay (NASDAQ:EBAY) listings on Facebook Marketplace. This move follows a ruling by the European Union that the link between Meta’s classified-ads service and its main social network was undermining competition.
In addition, Meta has announced a significant shift in its content moderation policy, transitioning from a U.S. fact-checking program to a community-based system. This change is similar to a model used by Elon Musk’s X, formerly Twitter, and aims to reduce errors and instances of censorship, reinstating its foundational principles of free expression.
Lastly, Meta has expanded its board of directors, welcoming Dana White, CEO of the Ultimate Fighting Championship, John Elkann, CEO of Exor (AS:EXOR), and Charlie Songhurst, a seasoned technology investor. These recent developments reflect Meta’s ongoing efforts to adapt and lead in the competitive tech industry.
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